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missiles from europe. former reagan administration officials talk about the negotiations that led to the intermediate nuclear forces treaty. at this event hosted by the american foreign service association, it's an hour 20 minutes. >> okay. i think we're ready to go. i would invite everyone to take their seats. i'd like to wish all a very good morning. i'm susan johnson, the president of afsa, and i'd like to extend a very warm afsa welcome to you all, and thank you for coming to this important and special panel discussion, and also celebration of the 25th anniversary of the signing the inf treaty. special thanks of course go to our panelists and our moderator, and i should not talk, ridgway and burt, for sharing their experiences and reflections surrounding the conflict negotiations that led to this treaty which was a significant factor in reducing danger of the cold war. i'm sure you know all of these three eminent folks, but i would just like to say a quick word. ambassador rozanne ridgway was assistant secretary of state for europe and candidate from 1985-89. in her 32 year fo
anyone else. central europe last year, budapest, the czech republic had gone from a leading country in central europe, leading the region in laws and in the constitution of equality 16 years ago to a complete reversal today. it's got one of the worst records today of the deprivation of rights of women, roma people, jews, and lgbt people. sound familiar, that grouping? i was not prepared for what i was going to find in budapest. i was not prepared for the thousands ofneo nazis and state sanctioned militia that would meet a couple hundred marchers, thousands of them. * there was one young man, 21 years old, young hungarian, who would be the only person to go on tv with me, only hungarian, malan would take a blow horn and walk through the streets against families that hated us, and he walked and he shouted and he kept the morale up as we were walking against this sea of people who didn't like us because we were representing the inclusion and diversity that we so much cherish here. he was inspired by the story of my uncle and he said to me, do you think this is how harvey felt? and i sa
of this you focus on what happens internationally and china continues to recover. europe looks like it's stabilizing and we didn't change our strategy based on the news, just a little bit more of what you're doing. >> randy, anything change for you? >> no, not really. what we're watching is the parallels that occur now, where we stood with the fiscal cliff and where we stood in 1999 with the y2k situation. we borrowed a lot of growth in 1999 from 2000, and that led us to a recession. we're looking at the same thing now. we're seeing people have accelerated dividends, pre-payments, seeing a lot of companies that single proprietors are paying themselves this year in anticipation of higher rates. >> it's interesting that you point that out. it could be argued at the same time that we're delaying growth until next year because of the number of companies that have delayed hiring or capital expenditures because of the uncertainty about the fiscal cliff. >> yeah. well, uncertainty, unfortunately, is perhaps going to continue with this because the regulations are not going to go away there. ma
we gone bankrupt last year, europe would have ended. so they sent in monty to manage the situation in order for the german and french banks to get their money back. the ucb printed out -- ecb print out money used to help our banks but do not use it to finance our businesses. they give it to them buy to see buy back their debt to help french and german banks. that was monty's work. and in the meantime, our debt went up. >> reporter: and by the way, the five-star movement is number two in the polls. but he's not really a politician. he is a comedian. not kidding. he actually is a comedian. we also managed to catch up with the politician who's more serious about becoming the next prime minister, who has 30% of the votes in the latest polls, his name is mr. bercani. you know him. we'll show you that in the next hour. now it is time for your "global markets report." >>> all right. thank you very much. we are slightly weighted to the upside here. the european equity grind-up rally continues. advances outpaced decliners about 5-4. the dow jones 600, the ftse flat up three points. the dax
conference in just a few hours. as for europe, some green arrows, despite a miss in the eurozone in production this morning. >> the road map starts this morning with, of course, the fed. expectations for revamped bond buying program. what will the economic forecast say about next year and what to make of the "wall street journal" story that says academics are driving monetary policy at secret dinners in switzer land. >> more counteroffers in the debt negotiations. it looks like corporate taxes are part of the deductions. >> costco beats by 2 cents, better sales and better sales and membership fees. >> some more reports about apple tv today. the journal said it's designing a high -- new high-resolution set. microsoft trying to widen the list of retailers that will carry the surface tablet. the fed is going to wrap up its two-day meeting. a watch is on to see if ben bernanke and policy makers make a decision about the interest rates. later on, the chairman will hold a news conference, and of course, cnbc, will bring it to you live. coverage beginning at 2:00 p.m. eastern. jim, a lo
, but from europe, from the central bank there, as well as from china, don't forget, so we've had this liquidity which has taken asset prices with the stock market and the bond markets, pricing it way up, it is actually helping housing after a long wait. moving into the future, there will be some duction in relythe fear that people have. it is not only a lack of confidence, but it is a fear of things going wrong. as we get day to day, i think the fed has been the only place in town to inject some optimism or feeling somewhat better in the general public, as well as in business. until we get through this silliness in washington, i think people will continue to be cautious. >> susie: speaking of that caution and fear, what should investors be doing with their money. so many of them, not only individual investors, but professional investors are sitting on a pile of crash. ldof o invest? what is your investment strategy? >> people, the viewers right now, many of them have been out of the stock market for an extended period of time, because of all of the craziness of the last decade. i
. if you go to canada or europe, it's very common there, even on the east coast it's very common to. and they have gotten much better machines so you can now put a machine like that in front of the store. >> is that at whole foods at 4th street? >> no, it's at the safeway at 4th street and one at clement and 7th, safeway and one i believe at the marina safeway. >> are they being used? >> yes, they are. >> they are kind of limited, again, if someone comes up with a shopping cart it kind of shuts it down, but for the family or for folks, that is kind of the small-scale solution. that if we get the prices of those down, they are a little expensive at the moment. that could provide convenience in a lot of neighborhoods. and then you would need that distribution system to collect it. i think we do have some solutions. >> director dick-endrizzi? >> just to make sure that commissioner ortiz-cartagena, if the supermarket isn't there and then the small businesses in that half-mile radiuss, they are not required to participate in the program. it's just when the supermarket is establish
that the united states had the highest economic and security interests in the asia pacific region. not in europe as has been for 100 years prior to that, than the asia pacific region. secondly, that we would maintain freedom of access throughout that region. in particular, we would maintain the sea lanes in that area, whatever the challenge might be. even as we reduce our defense budget, therefore we must maintain and would maintain a powerful navy, and that that navy would be charged with maintaining the freedom of those sea lanes. we had, of course, to be concerned as to whether there would be a challenge for that. we observed that the rise and shine has more energy needs for more energy than they can produce themselves, and to maintain the economic growth which they believe is essential. we observed that the south china sea is a potential source of energy supplies for china and that there is a contention among the nations in that region as to where the ownership and rights of access are to the south china sea. and this is conceivable that china might seek to reestablish its claim there by mil
, the stock market is undervalued right now because of all the noise in europe, the fiscal cliff, and china. with that in mind, i think your best bet is to stay near normal valuations for 2013. > there is nothing you want to take off the table right now, right? take some profits home so you don't have to deal with the tax gains issue of next year? nothing? > > put it this way: i would rather be in financials and materials than i would be in energies and utilities. so if you are overweight in energies and utilities, perhaps sell that. i think the best group next year is going to be financials and materials. > run with the banks. good to have you on the show. that is larry shover of sfg alternatives. > > thank you. legislation dramatically shrinking the power of unions has won approval in michigan. last night, governor rick snyder signed two bills into law that change michigan into a right-to- work state. thousands of protestors for and against the measure staged demonstrations inside and outside the capitol in lansing, michigan. despite shouts from pro-union workers, the gop-led house okaye
that warmer weather come through. all right. i want to take you now to europe. central locations enjoying peaceful weather at the moment but a big storm moved through and i want to show you what happened in austria. the snowplows are out in force here but unfortunately lots of cars and trucks slid off the roadways and this resulted in widespread road closures. at the same time, towing services were having to work very long hours as you can see. cars there just in the ditch really dreadful situation. thankfully the fair weather has moved in as this storm moves off to the east and has to move somewhere and see it here pushing in towards western russia. the front is going to be bringing mountain snow towards the north of turkey but the south of turkey is seeing more heavy rain. very unwelcomed rain. the southwest has been getting a drenching this week. now, out towards the west we have another system coming in. precipitation coming in across the western british aisisles ann towards france and spain. this is going to be rain rather than snow getting warmer here. the frigid air to the east. to
to europe. remember this fella here over my shoulder there? silvio berlusconi. a billionaire prime minister of italy elected three times even though as they say in rome, he was corrupt. >> the italian prime minister is no stranger to scandal. charges of bribery, corruption and embezzlement. >> officially guilty of tax fraud. >> sentenced to newshour years in prison for tax fraud. >> a serial flanderer. >> tales of lavish orgies. >> notorious all night so-called bunga-bunga parties. paying for sex with an underage prostitute. >> he was saying he could haven't sex with 11 women so instead he had sex with eight women. (laughter). >> jon: a man who had sex with eight women. that's the worst bond villain ever! (laughter) and if you pull one of them off, you just grow back. last november with the italian economy tanking, voters replaced berlusconi with his polar opposite, mario monti, an academic economist who promised to balance italy's books with strict austerity measures. that's not an easy choice. the country basically deciding it would be better to live with its hard-ass stepfather even thou
of zara, one of the strongest retailers in europe, out with sales. you see that their shares are down. even though their nine-month sales figure was up 17% year on year, they said so far in the fourth quarter that figure was slowing to something in the range of 15%. so still a strong set of figures from inbitex. if you're concerned about the consumer, but not as strong as we have seen in the past. that's what's happening in spain. i want to draw your attention -- use guys were talking about unions. here's a union story that tells something about the rebalancing in the eurozone. potentially germany. we know with the xetera dax up .3%. and almost 30% this year. investors see if the euro project hangs together, it's going to mean renation in germany. that is some wage inflation, some price inflation. the public sector union verde, powerful union, along with some others with its contract up at the end of the year is asking, guys, for a 6.5% pay rise next year. it got about 2.5% for the last couple of years. it is on the public sector side but also an example of what kind of pay hikes we m
for their application to u.s. and europe? >> when you started i was thinking he's really going there. always i wanted this to be espn. ask me about eli manning. no eli lily. it read through the release many times about t times about the alzheimer's drug. i want to pull the trigger on eli manning and hit it on eli lily. rob in florida, rob >> caller: booyah, jim. how you doing? >> real good. how about you? >> caller: good good. my question is about point star teaming up with verizon. >> yeah, i know, man. there's a lot of ways to get tv, isn't there? >> caller: yes, sir. >> well, i got to tell you. i'm not a coin star fan. now netflix, you see that stock today? the coin star thing made me a coin flip for coin star but i like verizon. call me conservative. ben to the rescue. after today it seems like he's the only one trying to get the economy rolling. but he can't do it all by himself which is why we need people to rise above and get a deal. almost any deal before it is too late. "mad money" will be right back. >> coming up, fuel up? america's on track to become one of the world's top energy producers
cannot the other way around. and this makes as special among the nations of europe. our government has no power, expt that granted it by the people. it is time to check and reverse the growth of govenment, which shows signs of having grown beyond the consent of the governed. it is my intention to curb the size and influence of the federal establishment and to demand recognition of the distinction between the powers granted to the federal government and those reserves to the states or to the people. [applause] lou: reagan's original february 1981 plan proposed in that speech, enough cuts to bring spending down to 19 percentnt of gdp by 1984 ando balance the budget. the federal government started the 2013 budget year with a $292 billion deficit in the first two months. the nation not exactly on incorrect path to what was the reagan vision three decades ago. >> this is what democracy looks like. lou: a union demonstration turned violent. michig state pro worker law cutting in to union dues. unions don't like it. one of their state legislativ supporters says, there will be blood. we will s
on what to cut, like right now, lower drug prices or pulling back our army from japan and europe. like every other country in the north does, like pulling back on positions from our army. i got the same response. it is the president's fault. i might have well have been a mannequin. they he want to talk about raising taxes of the rich. but it can't be dismissed as part of the compromise mosaic that will get the government out of the picture. they think they are so darn important down there. they think people either start or don't start businesses because of them. people start businesses to make money. i started five of them, i know. our politicians think they don't spend because they have lower tax rates. but they put people to work if there is demand and they think they can make a lot of money. they would rather save than spend. research is issued to death. what are they down there? i read some biased chart. honestly. if you raise taxes and lowered spending, we would be on top of the world. our stock markets would soar. and the level of wealth creation would be beyond washington's wild
greece and half of europe. neil: some say we'll be like greece if in is no deal by the end of the year? >> i do not agree. we have to negotiate, the presiden needs to get involved. neil: the language changed little bit today, i notice when they are not attacking each other out in open, then progress must be being made. that is what led to rumors of a potential imminent deal yesterday. now they are back to sniping, speaker boehner and nancy pelosi and others going back and forth, that leads me to believe that things are falling apart, do you get that sense? >> we see here -- hear they are negotiating, we'll get a deal, then we hear the fighting going on, if the fighting continues, we're not getting a deal. i don't want a deal if it is just the same old deal that is not good for america. neil: do you worry, as i guy has been around the neck of the woods for a few years, that republicans are losing their verve. some more conservative members ve said we lost an election but we did not los everything that we stand for, yet, everything i hear talked about, are concessions on part of the repu
to be in great shape. >> we were on an airplane flying to europe, which we do every year, and we were up in a compartment just the two of us, and i woke up and it was just starting to get a little light. and i saw this figure with a shawl on and doing this mumbo jumbo, i thought maybe i had died. >> so then i said, when i tell the story, i say this is kind of man john mccain is. he things that heaven is populated by praying jews. what a guy. >> i had never known a person in my life that lives his religion to the degree that joe lieberman does. he's such a great contrast to people like me and lindsey because i've never seen him lose his temper. i've never seen him insult anyone, i've never seen him treat anyone but with the greatest courtesy. i cannot say that about lindsey or myself. >> your temper is legendary. >> very calm. >> very calm, level headed. >> absolutely. >> have you ever known him to not lose his temper? >> i just realized they do really -- >> 1973. >> they do a great service for me because i don't have to lose my temper, because they do it for me, they express it for me. y
watched and falsely accused of engaging in violence as you were saying. >> on europe list any time ann coulter speaks on a college campus. college campus with low sat scores the ivy league treated me like a dream. >> little more respectful. >> it's the ones where they aren't smart enough to formulate a statement which feeds into why so much of the left behaves like a mob as i described in my book. it all goes back to the left birth in the french revolution. they are a mob movement. it is. it's hope and change we are going to man the bare kids and we demand change right now. republicans we make fun of it but republican congress are on the house floor with their pointers explaining if we do this the consequences and unintended results will be -- they are always now, we want it now. >> steven crauter will be appearing on "fox & friends"" to tell us about the incident. >> one year after the ground zero mosque opened the doors. the only thing happening there is prayer services. this mosque as you may recall steps from ground zero and inside of that building dozens of 9-11 victims were found
: the waft is sweeping europe and soon to be on our shores. at juniper kitchen restaurant in ontario, he creates a revolutionary eating experience. show us how it's done. >> since you said you like mint chocolate chips, we're going to do that. so just straight, raw ingredients. mint and cocoa mint, put these together, a little syrup. a little chocolate. we're going to strain all that out. let's see what happens. there's the straw. >> reporter: it's like an ice cream cloud. with endless flavor combinations, he can turn any meal into a culinary quiz show. let's see if you can trip me up. >> this one might stump you. >> cherry? >> no. >> reporter: raspberry. >> that's it. >> reporter: round two, here we go. >> classic cocktail. you almost got it. >> reporter: is this a mojito? >> yes, it is. >> reporter: and i'm cuban and it took me that long to get that one. >> our hold friend tonya rivero. i still got to chew. i don't know about you. >> i don't know if he makes a potato chip vapor. >> i'm still going for it, though. >> you can still inhale those. >> that's how charlie sheen eats. >>> this
about the fiscal finance in this country because i think we are getting a real break because europe is having the problems they are having and, as a result, the world has excess savings and are doing the investment and do not have a great choice. they look at us and say, we are better. interest rates fell. we are living on borrowed time. why they are playing political games when there is such a real issue. we are self-dealing in our own debt. >> the federal reserve is the largest holder of u.s. date. purges in over 70% of all new u.s. debt issuances. if you look at people who are buying our debt, their appetite is getting less, not greater. they are buying short-term debt because of huge interest rates risks. if you look at china in particular, they are looking for corporate bonds rather than u.s. treasury securities because they do not like what they see. we are living on borrowed time. we have created another bubble. my view is the reason the fed is doing that is because the mandate was changed in the late 70's to where they have to be concerned with unemployment. we need a fiscal
we got now is the soviets dominating europe instead of the germans. we fought a war for this? >> did joe's outspokenness against world war ii make kennedy more of a hawk and jfk ending up being more of a hawk in response to his father? >> that's a great question. i don't know. i think part of what jfk does is follows his father. his father was an isolationist, but he was also in favor of huge military budgets to build up missile systems and every conceivable type of defense. first against the germans so they could never invade the united states and against the soviets. jack kennedy inherits this notion that we have to be strong and have a strong defense. >> interesting. >> yeah, absolutely. >> i could go on all day. this book looks like it's fascinating. joseph p kennedy, you talk about a rich tapestry of a biography that you got to dig into. i can't wait to dig into it. the book is called patriarch. check it out. first the white house soup of the day. we know you are asking. no holiday leftovers here. chicken noodle. i don't remember any chicken at any of the christmas parties. we'l
the confidence of investors around the world that america is getting its act together at a time when europe is struggling, at the time when japan is struggling and slowing down, when china growth is slowing, the world is looking to the united states to take the lead. as it has so many times in so many crises before. yet all they see is the stand-off and the inability to do what i think we all need to do. now, the choice is very clear. we have come to the point where i think most people looking at this understand that if we don't act now, the so-called kicking the can down the road no longer is a viable opportunity. no longer is something that we can afford to do. there's a group called kick it back, and i can see why the american people are frustrated over our inability to come to some agreement on this. and so obviously we hope that the president and speaker boehner will bring us that grand bargain by which we can evaluate and address before the end of the year. now, i have frequently said from this podium and back to the people that i represent in indiana that if we don't start with addre
throughout all of europe is because the european unions in the 40s said we don't want this just for our members, we want this for everybody. everybody has got to have -- >> jennifer: which is really the history of the u.s. labor movement was too. that's what those laws were in the 20s and 30s to provide universal 40-hour workweek and we don't have child labor laws. that's true. i would say unions have an opportunity globally especially in countries that are now growing, like china to be able to level the playing field a little bit. but in addition to unions organizing the unorganized, what about people who are not in a union who are watching this and feel discouraged, like you feel in a way, but what can we do to push back against that? >> yeah i hope i don't sound too discouraged i'm just mad -- >> jennifer: you are revving up so you are starting to sound better. >> well, it was just heart breaking listening to your description of what happened to my town sitting here. but listen if you are watching this at home and you are discouraged and you are feeling we j
. >> let's see what happens at the start of the year. the fiscal cliff is not resolved, europe people think is resolved, recommending people go down the curb in terms of yield. less than four to five years of overall average duration of portfolio but investors rather have the ability to invest in case inflation does spike. you have to hunker down for the next six months to see how the economy pans out and is resolved. liz: yesterday robert gray did a report on taxi medallions, am i missing something, is there some great trade out there? >> look at the emerging market. they're the exact opposite of the rest of the world. take a look around, you have an interesting opportunity in china as the economy we accelerated in recent months and they can spend money through stimulus and they are cutting rates because they have a long way to go. i have levers to pull the rest of the developed world has already pulled and the pedal to the metal so it could be some opportunities. liz: what happens to the market tomorrow, do we recover, yes or no? >> all the euphoria built up ahead of the meeting has been
volunteered to be in the ambulance service. what he did when he got to europe was rescue and pick up other dough boys in europe out of those trenches and get them behind, take them back behind american lines so that they could be taken care of their wounds and he also picked up many of our americans, 114,000 to be exact that died in the great world war i. he was allowed or was able to come back to america alive he made it through the war. although many, as i mentioned, did not. many americans when they came home from the great war over there, as cohen said, difed the new. they picked up in europe in fact many of them a great number of them depride the spanish flu, almost as many as died in europe itself. frank buckles then went to work and during his work, he went to the philippines. when he was in the philippines, the japanese invaded in world war ii. he was captured and put in a prisoner of war camp for three and a half years. he was about to be executed and the americans came and liberated the camp and he along with the other prisoners of war came back to america. frank buckles went bac
and paying a fine. the justice department announced agreement with hsbc the biggest bank in all of europe. as part of of the deal hsbc agrees to pay $1.9 billion in fines. a lot of money certainly. but for this bank it's the equivalent of roughly seven weeks of profits. in exchange, these are among the charges that will now disappear. laundering more than $880 million in drug money. and allowing $660 million in prohibited transactions from countries including libya, cuba, burma, sudan and iran. federal prosecutors say the bankers didn't just look the other way, they actually went a step further. one occasion hsbc instructed a bank in iran on how to format payment messages so that the transactions would not be blocked or rejected by the united states. >> shepard: in other words, the bankers told the iranians how to get around our laws. in a statement, the bank's chief executive says we accept responsibility for our mistakes. we have said we are profoundly sorry for them and we do so again. so the bank is sorry but again nobody is going to prison. prosecutors say some people at the justice
kingdom. i believe he owns media in eastern europe. i think this is a pretty dangerous trend. you know, the bottom line is that when you have a situation like that, it really influences not just what the american people think and feel, how they vote, but the issues that the united states congress deal with every day. let me give you an example, all right? is deficit reduction a serious issue? it is. i'm in the middle of that debate right now. but you know what is a more serious issue according to the american people? the need to create millions and millions of jobs. now how often are you turning on tv and saying, "hey, we're in the middle of a terrible recession. it is, we have 15% real unemployment or underemployment in america. we've got to create millions of jobs." that's what working people are saying, but the big money interests are saying, "oh, we've got to cut social security. we've got to cut medicare. we've got to cut medicaid." there is no other option. so i give you that just as an example of how corporate media throws out one set of ideas, where the american people are thin
in our country is 35%. in canada, it's 15%. in bermuda, i think it's 9%. across europe, alternates in the 20s. money goes to where it's welcome, money is not welcome in the united states. what the president's trying to do is make it worse so money and people will flee. people will flee if you raise their taxes. they won't work as hard. you will get less revenue, not more, exactly the opposite of what the president wants. >> for years and years and years, everyone's programming a great tax code reform. that's all i have been hearing. maybe we will get it sometime. but i'm not holding my breath. >> thank you. >> straight ahead, more than three months ago, four americans, murdered in libbia. now, the u.s. is tracking the suspects. so why don't we just get them? find out, coming up. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering
gap closing, and i think we get much more conviction about a china recovery and europe exiting recession so those really support stocks. >> what are you basing it on when you say we'll see a recovery in the second half? what's going to spur that? >> one of the things we studied pretty deeply in the report is looking at durable goods spending. never in u.s. history have we spent this little on construction and housing starts in cap "x." even s&p cap "x" is still pretty close to the 2009 lows, and, you know, when you think about all of that, you have to be very contrarian in terms of sectors this year or next year. >> right. >> and the surprise i think is going to be basic materials. that's the worst per forming group of the last two years. really almost a historic underperformance of that sector, and, again, it's very died to gdp picking up. >> very quickly, tom, do you change your outlook for next year if we go off the fiscal cliff? >> yeah. i mean, if we have a cliff and a recession, there is no bull market. you know, bull markets end with recessions, so if we do fall off the
's positive. in europe distortion of dishonesty. this is "hardball" the place for politics. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. >>> coming up the biggest lies of this election year. politifact's got the list and it's coming up next. you're watching "hardball." anncr: some politicians seem to think medicare and... social security are just numbers in a budget. well, we worked hard for those benefits. we earne
exporters on europe's periphery. you have to be careful there. but if you want it add risk to your portfolio, that's where they are going. and small self help united kingdom company. >> a very eclectic mix. >> i was at world economic forum, the winter world economic forum in china. >> right. >> that's all anything anybody was talking about. what they were talking about is businesses building product for internal consumption. that's where the growth will come from. >> that's why when the trade figurers came out in china, people weren't concerned about it. they were more concerned about their own internal growth. >> and that policy makes that shift to a more balanced policy. >> well watch this market closely with you guys. thank you so very much, ty, over to you. >> fed chief bernanke set to give his conference about 2:00 eastern time. and how would you grade the fed when it comes to the economy? go to finance.yahoo.com. let's see how the fed action is playing out in the bond market. and why don't we ask you, rick san telly? you grade bond auctions. why don't you grade the fed on its economic
europe has become very differentiated. these countries no longer have much in common with each other except for the common memory of communist occupation. >> more on poland, hungary from the end of world war ii. from her historical narrative, iron curtain, sunday at 8:00 on "q&a." >> "washington journal" continues. host: congressman john larsen, good morning, thank you for being here. we are hearing about the back- and-forth of the fiscal cliff. where do you think that things are at with the negotiations? caller: i am always a glass half full type of guy. i think that speaker boehner faces a unique challenges in his conference, ultimately i do not think that john boehner will stand by and see the nation go over a fiscal cliff. i do think that there are so many issues that we agree on, on both sides. you can see this in a number of members, members who have come forward and said i think similar things. first and foremost, put the country back to work. putting people back to work is the democratic or republican, it is just common sense. we know that job creation equals deficit reductio
in their home. europe spends 5%. the united states spends less than 3% of its economy on infrastructure improvements. so, the need is very clear. so as this congress, is washington responding to the need? well, not really. not really. think about this for a moment. this congress will spend $105 billion next year on rebuilding the roads and bridges of this nation. a nation of 300 million people, where every objective observer understands the need for infrastructure investment. so less than $53 billion in each of the next two years. we can't spend any more, right? well, wait a minute, you just spent $89 billion rebuilding the roads and bridges of afghanistan . you spent $67 building the roads and bridges of iraq. those nations are 30 million and 26 million respectively. yet for a nation of 300 million people you could only come up with less than $53 billion in each of the next two years. when the american society of civil engineers says, just to bring your infrastructure to a state of good repair, it will cost you $2.2 trillion, it's weak. in fact, it's pathetically weak. so the lessons a
energy corridor serving central and southeastern europe and unleashing our own liquified natural gas exports to address the energy vulnerabilities of our closest allies. the potential global crisis over food production is less well understood. whereas research is opening many new frontiers in the energy sphere, the productivity of global agriculture will not keep up with projected food demand unless many countries change their policies. this starts with a much wider embrace of agriculture technology, including genetically modified techniques. the risks of climate change intensify this imperative. even as we deal with potential resource constraints, our country remains vulnerability to -- remains vulnerable to terrorism and assymetric warfare. access to the internet and social media has deeply altered international politics. in most cases for the better, but it's also contributed to instability, to sudden upheavals, like the arab spring. it's allowed destructive terrorist movements like al qaeda to franchise themselves. it's intensified risks of cyber attacks, espionage and the prolif
from europe and the gulf countries. traffic seems to be moving all right, it is a little wet out there. erica has a full forecast coming up in a little bit. there are some showers that you need to know about. ?Ñ police in portland oregon have not given a possible motive in a mall shooting that killed three people including the gunman who died. another person was wounded the gunman was wearing a mask that camouflage clothing and a bulletproof vest when he opened fire at where the state's biggest and busiest malls. the severance as the bay and nearby beaches will have a king tied and the next few days. king tides occurred to the four times every year. the waves will peak tomorrow but we are expecting to see a 7.1 ft. wave near the golden gate bridge at 945 this morning. not a lot of moisture associated >> with this cold fried so it'll be cherry and this afternoofront and it is chilly s morning. raining currently over the golden gate bridge. and the east bay, this could affect your commute. we are picking up light rain coming out of the caldecott tunnel highway 24. rain continues into ma
heading into syria from europe. they are fighting against president assad but what they want to turn syria inis to nothing short of an islamic state for militant operations. it's difficult to give weapons to the sp significance because the united states fears the weapons will end up in the arms of the islamists being used against u.s. soldiers. this comes as everyone is trying to figure out who to get behind. the increasing civilian cost. it seems we hear of something worse happening. just today the possibility of a massacre in a village would be seen as a village that was loyal to president bashar al-asaad's re gleem syria. a number of -- bashar al-asaad's regime in syria. we can't figure out if people were killed by the rebels to make it look like the government did it or the government did the and the rebels are reporting on it. but the deaths of women and children is increasing every day. megyn: new concerns that al qaeda loyalists are gang the upper hand in the fight to take control of syria. colonel ralph peters will explain the high stakes battle. who wins and what america can lose.
at a certain point. connell: are you worried at all about a slowdown in china? charles: europe is up. japan is. they will need natural gas and coal. global demand for this will be huge. this is one that i think people should own long-term. dagen: thank you. charles: by the way, i loved your interview with representative sanchez. dagen: thank you, charles. connell: a quarter past the hour, let's go back to the markets. nicole: we are looking at it now. they are digesting a big acquisition. as i noted, this is a top performer. it is up over 4%. let's take a look at the broader orchid and -- let's take a look at the broader market. the last time we saw this kind of trend it was up seven days. the dow is up. back to you. dagen: at it again. north korea launching a rocket. legitimacy of the regime. we will talk about that coming up. connell: to the stage for similar seeds in different areas of the nation. first, let's take a look at world currency. ♪ there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep nuer store. the only place in the
to prevent the kind of crisis here that we have seen unfolding all across europe. republicans have engaged in these discussions in good faith. we have agreed to make tough choices. the question is where's the president? where is the president? where's the only man in the country who can make it happen? well, it appears that with just a couple of weeks left to resolve this crisis, he is busy moving the goal post. instead of leading as he was elected to do, he's out campaigning and playing games with the nation's future. so my sincere plea this morning is that the president gets serious, that he put the campaign behind him and lead. if he does, he will have willing partners. the first sign is seriousness, seriousness about spending cuts. now, madam president, on an entirely different matter, yesterday i began the difficult task of saying an early goodbye to now six members of our conference who will be leaving the senate at the end of the year, and this morning i'd like to say a few words about my friend and long-time colleague, senator snowe. she has devoted the last 40 years of her life to
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